However, in this thread:
http://forum.zdoom.org/viewtopic.php?f=3&t=20864
(which also raises another potential camera issue with GZdoom) the WAD runs much slower with r300 than it does with 1.1.6. With 1.1.6 I get my usual 100fps, with r300 I get 2-3 fps after flicking the switch

I realise that the WAD is making a specialised use of cameras and camera textures but I hope that it is illustrating the point I'm trying to raise.
The other problem mentioned in the thread (ie the main reason for the thread) also seems like it might be a GZdoom bug as the WAD works as Firewolf wants in Zdoom but not in GZdoom.
I've attached a copy of the file in case you have problems with FileFront.